Monday, April 14, 2014

The Most Expensive Home In America Just Sold For $120 Million

CTNews.com reports that the Copper Beech mansion in Connecticut, which was once the most expensive home for sale in the U.S., has officially sold for $120 million.

The home was first listed for $190 million back in May of 2013, but the 12-bedroom mansion failed to attract a buyer. The price was chopped to $130 million in September, and after another $10 million discount, the gorgeous Connecticut property is now in contract, though there's no word yet on the buyer.

The 50-acre estate dates back to the 1890s, and was owned by timber magnate John Rudey. The property carried a reported $120 million in debt, likely accounting for the sky-high initial sale price.

The 12-bedroom home has 15,000 square feet of living space, 7,000
square feet of basement and attic space, and an 1,800-foot-long
driveway. There's also a grass tennis court, innumerable gardens, apple
orchard, greenhouses, 75-foot-long heated pool, and a carriage house.

The estate was listed with Christie's International Real Estate and David Ogilvy & Associates.

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